Astarta agroindustrial complex, a large sugar producer in Ukraine, saw a 5.2-fold rise in net profit in 2016, reaching EUR 83 million. According to a financial report of the holding posted on the Warsaw Stock Exchange (WSE), its consolidated revenue last year rose by 17%, to EUR 369 million. Operating profit grew by almost 15.2%,…
The National Commission for State Regulation of Energy and Public Utilities has developed a draft law on returning of all gas distributing networks to state ownership, Chairman of the National Commission Dmytro Vovk stated at a commission’s meeting on April 10. “The issue of ownership of gas distributing networks lies beyond the scope of the…
Corn plantings in Ukraine may total 4.3 million ha in 2017. Corn was the most remunerative staple cereal crop in 2016, keeping farmers interested in its cultivation. However, the spring weather conditions cause some concerns about attainability of the target sown area. As of April 6, Ukraine has not yet started corn sowing. At the…
Atlasjet Ukraine airline (the Atlasglobal brand) plans to return to its development plan and investment by the parent company if there is a chance of basing its planes in Kyiv and Odessa thanks to being assigned to the flights to these cities, Atlasjet Ukraine Executive Director Ovunc Horasans has said. “In 2014, we had concrete…
To date almost 60% out of planned 47 thousand hectares have been sown with sugar beet and 30% out of 32 thousand hectares with sunflower. The company plans to complete sowing of these crops in a few days and begin corn and soy sowing campaign. As of the beginning of the spring sowing campaign, ASTARTA…
Ukraine in January-March exported electricity for $68.12 million, including $19.355 million in March alone. According to the State Fiscal Service, electricity delivered to Hungary amounted to $55.218 million in January-March, to Poland to $11.101 million, Romania to $1.286 and other countries – $516,000. Thus, in money terms exports of Ukrainian electricity in January-March grew by…
The number of bank branches in Ukraine in the first quarter of 2017 decreased by 305 units, the press service of the National Bank of Ukraine (NBU) reports. As of January 1, the number of structural branches of banks in Ukraine totaled 10,316, and as of April 1, the number decreased to 10,011. In particular,…